Romania Feed

Furniture retailer Mobexpert is expanding its logistics and warehousing operations by leasing 1,400 square meters in logistic park Oresa Industra Park of Iasi owned by Oresa Industra, the real estate arm of Oresa family office.

Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase for 2024.

The Bucharest technology and operations center of London Stock Exchange Group (LSEG) has reached 1,000 employees and the company has expansion plans for 2024 as well.

Ultragreens, a Romanian producer of microgreens and aromatic plants, is in advanced talks with a strategic investos and in the six months after sealing an agreement is likely to complete the 6,500-sqm vertical agriculture greenhub of Prahova, explained Cristian Tudor, its CEO and founder.

Five-star hotel Radisson Blu of Cluj-Napoca, developed by Winners Park Invest, has for 2024 budgeted turnover similar with 2023 level, of EUR7.5 million, according to the company’s officials.

Un mesaj clar pro-viață a fost rostit și anul acesta în cadrul „Marșului pentru viață”, ediția 2024, care a avut ca temă „Construim împreună pentru viață”. La Oradea, evenimentul desfășurat pe 23 martie a.c., a adus împreună reprezentanți ai cultelor creștine din oraș, asociații locale care militează pentru viață, seminariști, tineri, persoane consacrate, împreună [...]

Sărbătoarea Bunei-Vestiri din acest an a început la Oradea în seara de 24 martie a.c. cu un extraordinar Concert de muzică sacră intitulat „Bucură-te cea plină de har!” susținut de Corul Eparhiei Greco-Catolice de Oradea „Buna Vestire – Francisc Hubic” (dirijor lect. univ. dr. Radu-Ioan Mureşan), în cadrul căruia a interpretat și soprana orădeancă Viktória Cormoș. [...]

Alternative investment fund Evergent Investments (EVER.RO) plans to pay RON82 million dividends from the 2023 profit to its investors.

CC Trust Group, a family business founded and held by Swiss entrepreneur Claudio Cisullo, sold 10 million shares of real estate developer One United Properties (ONE.RO) on March 21.

Romania's Finance Ministry raised RON962.4 million from banks on Monday (March 25, 2024), selling benchmark bonds with a scheduled value of RON500 million due in May 2027, at an annual average yield of 6.21%.

Prime Kapital, a real estate developer and investor in Central and Eastern Europe, will open Arges Mall on April 25, the largest and most modern shopping center in Pitesti.

Practic Bucuresti (PRBU.RO), one of the largest owners of retail space in Bucharest, made RON26.9 million net profit in 2023, 29% lower than in 2022 and RON42.3 million revenue, 7.5% higher year-on-year.

Agroserv Mariuta, a Romanian agribusiness company and the owner of Laptaria cu Caimac brand, reported RON80 million sales in 2023, up 10% from 2022, and an operating result of RON4.3 million, 27% higher than in 2022.

Credit Europe Bank Romania in 2023 generated net profit worth RON66.8 million, more than twice the 2022 level.

Real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, one of the most representative projects in the Expozitiei area of Bucharest, starting from January 2024.

Romanian engineering and tech company Simtel Team, a national leader in renewable energy, has obtained a RON60.6 million non-reimbursable funding under the National Recovery and Resilience Plan (PNRR).

CTP, continental Europe’s largest listed developer and administrator of industrial and logistic spaces, has leased, for a five-year period, an area of 19,000 square meters of logistic spaces in CTPark Bucharest to Yusen Logistics Romania, the local subsidiary of Yusen Logistics, a global leader in logistics.

Real estate developer One United Properties estimates RON1.7 billion consolidated revenues, up 15% from the 2023 result, and RON525 million net profit, 17% above last year’s.

Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, has budgeted two-digit increases for its main financial indicators in 2024.

Antibiotice Iasi, the biggest Romanian-held drug manufacturer, wants to reach RON104 million net profit in 2024, up 28% from 2023, in line with its income and expenses budget.